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May 4, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

[Official Guidance]
Text of Treasury, DOL, HHS Request for Comments on Shared Responsibility for Employers Regarding Health Coverage (PDF)
"This request for comments is intended to initiate and inform the process of developing regulatory guidance regarding the shared employer responsibility provisions in § 4980H of the Internal Revenue Code . . . ." (American Benefits Council)


See ftwilliam.com’s Form 5500 Software in Action! [Advert.]

Sponsored by ftwilliam.com

Find out what made ftwilliam.com a success last year by signing up for one of our FREE 5500 software webinars. We’ll cover conversion, streamlined data entry, edit checking, workflow and different e-filing methods, including our integrated web-portal.


40 States Seek Changes to Health Reform Law
"Specific provisions vary from state to state and include state statutes and constitutional amendments as well as binding and non-binding state resolutions." (Wolters Kluwer Law & Business)

Treasury Plan Would Help Determine Full-Time Workers for Health Coverage
"The U.S. Treasury Department unveiled potential approaches Tuesday to what constitutes a full-time employee as it pertains to the health care reform law requirement that employers offer full-time employees coverage or pay a penalty if they do not." (Business Insurance)

Insurance Should Pay for Exercise Programs to Cut Health Costs, Expert Says
"In an editorial in the Journal of the American Medical Association, Dr. Marco Pahor, director of the University of Florida Institute on Aging, says health insurers -- particularly federal programs such as Medicare -- ought to pay for structured exercise classes because the health benefits and cost-savings outweigh the expense." (Orlando Sentinel)

Regulators Seek Employer Input on PPACA Provisions
"The Treasury Department and Internal Revenue Service have requested public comment on issues relating to the shared responsibility provisions included in the Affordable Care Act that will apply to certain employers starting in 2014." (PLANSPONSOR.COM)

More Employers Considering Outsourcing Health Benefit Plan Administration
"The survey found that 35% of organizations administer their health and welfare benefits internally, while 65% relied on outsourcing. Of those employers that manage benefits administration internally, 30% report that PPACA regulations will make them more inclined to consider outsourcing, while 69% believe the law will have no affect on their desire to outsource." (Employee Benefit News; free registration required)

Benefits in General; Executive Compensation

[Official Guidance]
SEC Proposed Rule, Extension of Comment Period for Listing Standards for Compensation Committees (PDF)
"Comments should be received on or before May 19, 2011." (U.S. Securities and Exchange Commission)

Companies Work Harder to Win Shareholder Votes on Executive Compensation
"The new atmosphere is the result of the Dodd-Frank financial-overhaul law, which gives shareholders at all but the smallest companies an advisory vote on executive pay, something governance advocates have long sought." (The Wall Street Journal)

Major Audit Initiatives Launched This Year by Government Agencies Involved with Employee Benefits
"As a result, the agencies have identified areas of emphasis and common errors discovered during routine and random audits. [The target page provides] a break down by agency of the targeted areas." (Warner Norcross & Judd LLP)

12-Month Private Industry Compensation Costs, March 2010--March 2011
"Compensation costs for private industry workers increased 2.0 percent for the 12-month period ending March 2011, compared to the 1.6-percent increase for the 12-month period ending March 2010." (U.S. Bureau of Labor Statistics)

Press Releases

Newkirk Products, Inc. Acquired by DST Systems, Inc.
(Newkirk)

Financial Services Company to Restore Nearly $243,000 to 2 Pension Plans Following US Labor Department Investigations
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

US Labor Department Obtains Order Requiring Sparta, Wis.-based Quality Tool and Machine, President to Restore More than $11,000 to Retirement Plan
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

MetLife Study Finds Disability Income Insurance a Valuable Companion for Singles Wanting to Protect Their Income
(MetLife)

Canadian Employers Lack Strategy, Measurement to Deal with Workplace Stress
(Buck Consultants)

401kTest.com Added Instructional Videos - 2 Finished: 2 To Go!
(401kTest.com)

Retirement Plan Sponsors Learn Lessons From 401(K) Court Decision
(Lockton)

Fouts Invited to Serve on Prestigious TPA Advisory Council
(Qualified Plan Consultants, LLC)

Employee Benefits Jobs

Retirement Plan Internal Wholesaler
for John Hancock in IL

Sales Representative
for Southern New England Start-Up TPA in ANY STATE

Retirement Plan Compliance Officer
for Heartland Financial USA, Inc. in IA

VP, Investment Product Management & Development
for Prudential in CT

Relationship Manager II
for T. Rowe Price in MD

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Webcasts and Conferences

"401(k) Plan Current Issues Workshop" - Detroit
in Michigan on June 2, 2011 presented by SunGard Relius

"Form 5500/EFAST 2 Workshop" - Detroit
in Michigan on June 1, 2011 presented by SunGard Relius

"Fundamentals of 401(k) and Other Qualified Plans" - a 3-day Seminar in 6 cities
Nationwide on June 8, 2011 presented by SunGard Relius

401(k) Rekon Advisor Symposium - Bridgewater
in New Jersey on June 2, 2011 presented by 401(k) Rekon

401(k) Rekon Advisor Symposium - Scottsdale
in Arizona on June 2, 2011 presented by 401(k) Rekon


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David Rhett Baker, J.D., Editor and Publisher
dbaker@benefitslink.com

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